The Central Bank of Nigeria’s (CBN’s) recent strategic move to revive and grow Nigeria’s cotton, textile and garments economic sector and to improve domestic production of cotton from about 80,000 tonnes in 2018 to 300,000 tonnes by 2020, is one of the economic news items that should not be ignored. The policy instrument is aimed…

Exports thrive on a tripod of development, promotion and capacity building. Despite the potential in the non-oil export segment, lack of price competitiveness due to poor capacity, high cost of infrastructure and logistics, continues to limit growth in the sector. Latest NBS data show slow-paced growth in the segment though NEPC is optimistic of a…

The Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah has commissioned the Shade Tree Youth Empowerment Initiative (STYEI) in Kaduna, describing it as an employer of labour capable of taking jobless youths out of the streets. The initiative, specifically designed to empower Nigerian youth, particularly within the automotive industry was part of the Corporate…